Gold: Broke bull cycle, deeper retracement to Long again
Gold has broken major bullish cycle
RSI and MACD also indicates broken cycle.
We are in deeper retracement now, watching for 1220 - 1215 ( reaction zone) as targets as deeper retracements.
recommendations:
Sell at 1230 - TP 1220- 1215 - SP 1236
Buy at 1220 & 1215+/- , SP 12108 - TP 1230 - 1240 - 1252
RSI and MACD also indicates broken cycle.
We are in deeper retracement now, watching for 1220 - 1215 ( reaction zone) as targets as deeper retracements.
recommendations:
Sell at 1230 - TP 1220- 1215 - SP 1236
Buy at 1220 & 1215+/- , SP 12108 - TP 1230 - 1240 - 1252
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